Glossary of Terms

E

Economic Fuel Price

means the economic price of a Specified Fuel Type determined for a Trading Day in accordance with the Economic Fuel Price Calculation Methodology

Economic Fuel Price Calculation Methodology

means the Approved Methodology referred to in Section J.3.2 of the Market Rules for determining Economic Fuel Prices

Effective Date

has the meaning given in the Framework Agreement

End of Year Monthly Scarcity Credits

means Scarcity Credits calculated following end of year reconciliation

Energy Charges

means Energy Credits and Energy Debits

Energy Credit

means a Credit calculated in respect of Active Energy pursuant to Section L of the Market Rules

Energy Debit

means a Debit calculated in respect of Active Energy pursuant to Section L of the Market Rules

Energy Settlement Run

means a Settlement Run for determining Energy Charges

Error Correction Amount

has the meaning given in Section P.5.1.6 of the Market Rules

Ex-Ante Aggregate Pool Price

means the Aggregate Pool Price from an Ex-Ante Pool Run

Ex-Ante Market Schedule

means the Market Schedule from an Ex-Ante Market Schedule Run

Ex-Ante Market Schedule Run

means the Market Schedule Run carried out Ex-Ante

Ex-Ante Pool Price

means the Pool Price from an Ex-Ante Pool Run

Ex-Ante Pool Run

means a Pool Run carried out Ex-Ante

Ex-Ante Scarcity Factor

means the Scarcity Factor calculated in Section M.3.5 of the Market Rules

Ex-Ante Scarcity Price

means the Scarcity Price calculated Ex Ante in accordance with Section M.3.1 of the Market Rules

Ex-Ante Scarcity Price Run

means the Scarcity Price Run carried out Ex-Ante

Exclusion Notice

means a Notice in the form set out in Annex Q-2 and issued by the Market Operator to a Party in accordance with Section Q.16.4.1 and Section Q.17 stating that certain of the Party’s Production Blocks will be permanently removed from the Market Register

Exemption

means a written authorisation issued by the Authority to undertake Generation without obtaining a Generation Licence in accordance with Articles (4) or (5)  of the Sector Law

Ex-Post

means, in relation to Trading Day d, after the end of the Trading Day

Ex-Post Margin

means the difference between Ex-Post System Available Capacity and Ex-Post System Capacity Requirement calculated in accordance with Section M.4.2 of the Market Rules

Ex-Post Market Schedule

means the Market Schedule from an Ex-Post Market Schedule Run

Ex-Post Market Schedule Run

means the Market Schedule from an Ex-Post Pool Run

Ex-Post Pool Price

means the Pool Price from an Ex-Post Pool Run

Ex-Post Pool Run

means Indicative Pool Run, Confirmed Pool Run and/or Additional Pool Run, as applicable

Ex-Post Scarcity Factor

means the Scarcity Factor calculated in Section M.4.3 of the Market Rules

Ex-Post Scarcity Price

means the Scarcity Price calculated Ex Post in accordance with Section M.4.1 of the Market Rules

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